President William Ruto is expected to launch the new Cooperative Act during this year’s Ushirika Day celebration in July.
The development of the Cooperatives Bill No. 7 of 2024 marks a significant milestone in our efforts to streamline and bolster the sector.
An agreement was reached between the Ministry of Cooperatives and MSMEs and Council of Governors on all the contentious issues.
The new legislation provides a comprehensive framework for the regulation of cooperatives by both levels of government, while also promoting self-regulation within the cooperative structure and enhancing governance tools.
The Bill is expected to elevate the cooperative sector to new heights of good governance, increased efficiency, and effectiveness in service delivery, leading to high performance across the board.
